Profit is regarded as being earned when the legal title of the goods or services passes from
Question:
‘Profit is regarded as being earned when the legal title of the goods or services passes from the seller to the buyer.’ Which accounting principle does this statement describe?
A. Going concern
B. Matching
C. Money measurement
D. Realisation
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D Realisation The statement describes the principle of real...View the full answer
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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